Advocate Group LLC Has $7.45 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Advocate Group LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 68,132 shares of the industrial products company’s stock after purchasing an additional 2,140 shares during the period. Advocate Group LLC’s holdings in Emerson Electric were worth $7,452,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EMR. Thrive Wealth Management LLC lifted its position in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares in the last quarter. LCM Capital Management Inc lifted its holdings in Emerson Electric by 1.4% during the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 91 shares during the period. Sabal Trust CO boosted its position in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC increased its position in shares of Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares during the last quarter. Finally, PFG Advisors raised its stake in shares of Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 96 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

NYSE:EMR traded down $0.19 during mid-day trading on Thursday, hitting $110.69. 219,020 shares of the stock traded hands, compared to its average volume of 2,720,465. The business’s 50-day moving average price is $105.02 and its 200 day moving average price is $109.28. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market cap of $63.33 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business earned $1.29 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird raised their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.